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Last Updated: Wed, Jan 18 2017 | 4:34 PM |
1.5 million pilgrims visit Madinah since November
Travel & Hospitality»

1.5 million pilgrims visit Madinah since November

Wednesday, 18 January 2017 9:31 AM

Pakistan accounts for the most visitors from any single country

Russian state bank lent billions to fund Qatar-Glencore Rosneft privatisation deal
Banking & Finance»

Russian state bank lent billions to fund Qatar-Glencore Rosneft privatisation deal

Wednesday, 18 January 2017 9:30 AM

Loan was a stopgap until other financing was put in place but the fact that it was required shows last-minute scramble by the Kremlin and its allies to get the Rosneft sale over the line

Saudi Aramco to continue building oil, gas capacity to meet demand, says CEO
Energy»

Saudi Aramco to continue building oil, gas capacity to meet demand, says CEO

Wednesday, 18 January 2017 9:29 AM

Chief Executive Amin Nasser said Saudi Aramco will double gas production over the next decade

The client dinner: Segreto, Madinat Jumeirah
Leisure»

The client dinner: Segreto, Madinat Jumeirah

Wednesday, 18 January 2017 9:03 AM

Hidden within the maze of corridors and staircases that make up the Souq Madinat Jumeirah, Segreto is worth tracking down

Abu Dhabi's sovereign fund targets further investment in China
Banking & Finance»

Abu Dhabi's sovereign fund targets further investment in China

Tuesday, 17 January 2017 8:46 PM

Abu Dhabi Investment Authority sees opportunities in fixed income and real estate markets as well as SMEs

Saudi gov't 'could shelve' $13.3bn projects in 2017
Politics & Economics»

Saudi gov't 'could shelve' $13.3bn projects in 2017

Tuesday, 17 January 2017 8:32 PM

New report says projects are at risk of being cancelled this year due to fiscal pressures and changing priorities

New Zealand presses Gulf states to finalise stalled trade deal
Politics & Economics»

New Zealand presses Gulf states to finalise stalled trade deal

Tuesday, 17 January 2017 8:22 PM

Trade Minister Todd McClay visits the UAE and Kuwait this week in an effort to promote the deal with the GCC

Saudi Binladin seeks extension on $2.7bn Grand Mosque financing
Banking & Finance»

Saudi Binladin seeks extension on $2.7bn Grand Mosque financing

Tuesday, 17 January 2017 7:33 PM

Banking sources say construction firm has asked for extension until end of 2019 amid cashflow crunch

Some banks baulk at pricing of Dubai's metro loan
Banking & Finance»

Some banks baulk at pricing of Dubai's metro loan

Tuesday, 17 January 2017 6:07 PM

Dubai gov't want to borrow $2.8bn for the 15km extension of metro system to the site of the World Expo

2
Saudi Telecom says to buy remaining stake in SaleCo
Technology»

Saudi Telecom says to buy remaining stake in SaleCo

Tuesday, 17 January 2017 5:59 PM

Saudi telco says it has completed procedures for $106.7m deal for remaining 40% interest

Visa says card transactions up 5% during Dubai Shopping Festival
Retail»

Visa says card transactions up 5% during Dubai Shopping Festival

Tuesday, 17 January 2017 5:39 PM

Payments firm says shoppers from UK, Russia, India, Oman and Qatar among most prolific spenders in first 2 weeks of festival

UAE's Masdar acquires 25% stake in UK floating offshore wind farm
Energy»

UAE's Masdar acquires 25% stake in UK floating offshore wind farm

Tuesday, 17 January 2017 4:35 PM

Hywind Scotland, a 30-megawatt North Sea project, is scheduled to start commercial operation in late 2017

Qatar central bank sells $4.1bn in domestic bonds
Banking & Finance»

Qatar central bank sells $4.1bn in domestic bonds

Tuesday, 17 January 2017 4:07 PM

First domestic government debt offer this year was oversubscribed, says central bank official

Construction of phase 3 of giant Dubai solar park to start by end-Jan
Energy»

Construction of phase 3 of giant Dubai solar park to start by end-Jan

Tuesday, 17 January 2017 3:23 PM

European consortium wins EPC contract for 800MW phase of the Mohammed bin Rashid Al Maktoum Solar Park

Hot air balloon 'did not crash' in Sharjah, says operator
Culture & Society»

Hot air balloon 'did not crash' in Sharjah, says operator

Tuesday, 17 January 2017 2:43 PM

Technical fault caused a burner misfire, which resulted in the pilot sustaining injuries, says Balloon Adventures Emirates


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